Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Sells $142,964.52 in Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz sold 11,884 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $12.03, for a total transaction of $142,964.52. Following the completion of the sale, the chief executive officer now directly owns 3,688,807 shares of the company’s stock, valued at approximately $44,376,348.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Leonard Livschitz also recently made the following trade(s):

• On Tuesday, March 12th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $12.36, for a total transaction of $185,400.00.
• On Tuesday, February 27th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.88, for a total transaction of $208,200.00.
• On Tuesday, February 13th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.08, for a total transaction of $196,200.00.
• On Tuesday, January 30th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.06, for a total transaction of $195,900.00.
• On Tuesday, January 16th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $12.58, for a total transaction of $188,700.00.
• On Tuesday, January 2nd, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.08, for a total transaction of $196,200.00.

Grid Dynamics Price Performance

Grid Dynamics stock opened at $12.29 on Friday. The firm has a market capitalization of $933.67 million, a PE ratio of -409.53 and a beta of 0.96. The company’s 50-day moving average is $13.11 and its 200-day moving average is $12.57. Grid Dynamics Holdings, Inc. has a fifty-two week low of $8.00 and a fifty-two week high of $14.70.

Grid Dynamics (NASDAQ:GDYN) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $78.07 million for the quarter, compared to analyst estimates of $76.64 million. Grid Dynamics had a positive return on equity of 6.77% and a negative net margin of 0.56%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share. As a group, analysts expect that Grid Dynamics Holdings, Inc. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GDYN. International Assets Investment Management LLC acquired a new position in Grid Dynamics in the 4th quarter valued at about $26,000. Tower Research Capital LLC TRC grew its stake in Grid Dynamics by 191.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,478 shares of the company’s stock valued at $41,000 after buying an additional 2,944 shares during the last quarter. UBS Group AG grew its stake in Grid Dynamics by 412.4% in the 3rd quarter. UBS Group AG now owns 2,275 shares of the company’s stock valued at $43,000 after buying an additional 1,831 shares during the last quarter. Captrust Financial Advisors grew its stake in Grid Dynamics by 197.2% in the 2nd quarter. Captrust Financial Advisors now owns 4,619 shares of the company’s stock valued at $78,000 after buying an additional 3,065 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in Grid Dynamics by 239.0% in the 1st quarter. Acadian Asset Management LLC now owns 5,837 shares of the company’s stock valued at $82,000 after buying an additional 4,115 shares during the last quarter. Institutional investors and hedge funds own 71.18% of the company’s stock.

Analyst Upgrades and Downgrades

GDYN has been the topic of several recent research reports. TheStreet upgraded shares of Grid Dynamics from a “d+” rating to a “c-” rating in a research note on Tuesday, December 12th. Citigroup lifted their price target on shares of Grid Dynamics from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. lifted their price target on shares of Grid Dynamics from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Finally, Cantor Fitzgerald lifted their price target on shares of Grid Dynamics from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $16.25.

About Grid Dynamics

Grid Dynamics Holdings, Inc, together with its subsidiaries, provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally. It offers cloud platform and product engineering services, such as architecting, designing, and building scalable and secure cloud-based platforms and business applications; and AI/machine learning and data platform engineering services that build platforms to facilitate batch and streaming data ingestion, quality governance, orchestration, semantic modeling, observability, and analysis at scale.